AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
On 13 June 2011, the Japan Bank for International Cooperation (JBIC) signed a JPY 15.8 billion (approx. USD 197 million) overseas loan agreement with Indonesian PT Indonesia Chemical Alumina (ICA). The Japanese company Showa Denko K.K. has a 20% equity stake ICA.
The loan finances the ICA undertaking an aluminium production project in Tayan, West Kalimantan, Indonesia. A part from the Japanese company having an ownership stake in this project's aluminium production through its equity stake in ICA, it will also in this context provide certain technology related to the project.
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank's website under overseas investment loans.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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